sell of vehicle

Kvijay12345 (Querist) 29 August 2015 This query is : Resolved
I want to sell my vehicle.The buyer has shown the intent of getting my vehicle transfer in his name at the earliest. But in the meantime till the transfer of the vehicle what are the legal measures of security I should take before handling my vehicle to the buyer? Because once I handed over the vehicle, I can not do much except following the buyer for transfer of the vehicle. Sometimes it takes more than a fortnight/month to get the noc from the concerned RTO & the vehicle remains in the name of the previous owner though it has already been sold& handed over to the buyer. What are the necessary steps to be followed at the time of sell of te vehicle to be legally safe?

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Chanchal Nag Chowdhury (Expert) 30 August 2015
Take the total consideration,sign the Form 29/30 of MV & release the vehicle taking his acceptance of the vehicle in writing.